Andrea Fuller at the WSJ asked what she thought was a simple question: How much was she paying her investment adviser in fees? What she experienced trying to find out she likened to interactions with a cable-company customer-service representative!
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What’s My Investing Fee? A Frustrating Quest
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There is a $125 annual flat fee, he told me. Alarm bells went off. That’s it? I asked. That can’t be it. I assumed there was a percentage charge on my investments. He laughed. We’d love to charge that, he said. But no, $125. Was that the only fee, I asked? I was increasingly dubious. Well, he said, each fund in which you’re invested has internal fees. How did I find those?
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